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<h1>GBP/USD Outlook – August 8-12</h1>

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</div></div><p><strong>After a very volatile week that included a rate decision, another busy week awaits the <a
href="http://www.forexcrunch.com/category/forex-weekly-outlook/gbp-usd-outlook/">British pound</a>, with more impact from Mervyn King and of course, the downgrade that the US received from S&amp;P. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.</strong></p><p>The pound got mixed indicators in the past week. The <a
title="GBP/USD Retreats from Resistance on Contracting Manufacturing Sector" href="http://www.forexcrunch.com/gbpusd-drops-on-contracting-manufacturing-sector/">manufacturing sector is suffering badly</a>, while construction is stable and the <a
title="GBP/USD Breaks Higher on Better Services PMI" href="http://www.forexcrunch.com/gbpusd-breaks-higher-on-better-services-pmi/">services sector is enjoying faster growth</a>. This is part of the story of the pound&#8217;s choppiness, that will likely continue now.</p> Read the rest of the article <a
href='http://www.forexcrunch.com/gbpusd-outlook-august-8-12/' >GBP/USD Outlook &#8211; August 8-12</a>
<a href="http://feeds.feedburner.com/~ff/ForexCrunch?a=pTYh3UsNFnc:N2RLgo7TVYI:yIl2AUoC8zA"></a> <a href="http://feeds.feedburner.com/~ff/ForexCrunch?a=pTYh3UsNFnc:N2RLgo7TVYI:F7zBnMyn0Lo"></a> <a href="http://feeds.feedburner.com/~ff/ForexCrunch?a=pTYh3UsNFnc:N2RLgo7TVYI:V_sGLiPBpWU"></a> <a href="http://feeds.feedburner.com/~ff/ForexCrunch?a=pTYh3UsNFnc:N2RLgo7TVYI:qj6IDK7rITs"></a> <a href="http://feeds.feedburner.com/~ff/ForexCrunch?a=pTYh3UsNFnc:N2RLgo7TVYI:gIN9vFwOqvQ"></a> <a href="http://feeds.feedburner.com/~ff/ForexCrunch?a=pTYh3UsNFnc:N2RLgo7TVYI:TzevzKxY174"></a>
<p><b>Read more posts on <a href="http://www.forexcrunch.com">ForexCrunch »</a></b></p>
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